Pac West Equities has acquired 267k sf of industrial Assets in the Bay Area. The $44.5 mil purchase is for two NNN-leased structures on 12.85 acres in American Canyon. Ryan Sitov and Melinda Marino with JLL Industrial Capital Markets represented the seller and procured the buyer in the deal. They were assisted by JLL’s Glen W. Dowling, Matt Bracco and Christopher Neeb. https://lnkd.in/gNjcrS68
Rentv.com, Inc.
Real Estate
Los Angeles, California 519 followers
RENTV.com provides news, conferences & video programming for the commercial real estate industry.
About us
For over 20 years, RENTV has been a leading source of news and information about the commercial real estate industry throughout California and the western U.S. Our daily news is relied on by thousands of office, industrial, retail and multifamily professionals in the region. RENTV also puts on state-of-the-market conferences about the commercial real estate industry in major markets throughout the west, featuring some of the leading CRE pros for those regions. In addition, RENTV created The REview (www.rentvreview.com), a website that allows people to search for, view and post commercial real estate videos, for free.
- Website
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http://rentv.com
External link for Rentv.com, Inc.
- Industry
- Real Estate
- Company size
- 2-10 employees
- Headquarters
- Los Angeles, California
- Type
- Privately Held
- Founded
- 1998
Locations
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Primary
5757 W. Century Blvd,, #700
Los Angeles, California 90045, US
Updates
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Casas Adobes Plaza, a 92.3k sf, Whole Foods-anchored shopping center in Tucson, AZ, traded hands for $51 mil, or $553/sf. The asset was sold by First Washington Realty. Patrick Dempsey and Geoff Tranchina with JLL Capital Markets represented the seller in the transaction. JLL’s Greg Brown and Jason Carlos arranged the financing through a life insurance company for the buyer. Quin Madden, also with JLL, supported both the sales and debt team. https://lnkd.in/gXpAnBRR
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Klein Investments Family Limited Partnership has wrapped up an $81 mil purchase of a state-of-the-art building in San Jose. The firm paid $557/sf for Silicon Valley Innovation Hub, a 146.2k sf structure that is fully leased to Merck KGaA, Darmstadt, Germany. Steve Golubchik, Edmund Najera, Jonathan Schaefler and Darren Hollak with Newmark represented the seller in the deal. The buyer was repped by Michael Hartel and Nick Velasquez of Colliers International. https://lnkd.in/eUqkxfh6
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RENTV is expanding our successful conference program beyond California with our inaugural Arizona State of the Market Conference on Wednesday, October 2, 2024 at the Scottsdale Resort & Spa. The event will feature high-powered panels of top local executives and dealmakers broken out by the following sectors: Office Industrial Retail Multifamily Finance The panels will cover such topics as: leasing and tenant issues; current development challenges and costs; sales activity; lending and financing; and changing trends. To learn more, or to sign up, go to: https://lnkd.in/g-pJCDx9
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Mattel, Inc. has spent $59 mil for an El Segundo office asset adjacent to its current headquarters. The newly renovated Grand + Nash property, located at 2160 E. Grand Ave, also in El Segundo, provides 168k sf of creative office space. Newmark Co-Head, U.S. Capital Markets Kevin Shannon, Vice Chairmen Ken White and Michael Moll, Executive Managing Director and Agency Market Leader Bill Bloodgood, Executive Managing Directors Geoff Ludwig and Eric Lastition, Senior Managing Director Eric Adams, Managing Director Alex Bergeson and Associate Aly Polo represented the seller, New York Life Real Estate Investors. https://lnkd.in/gsrC-88n
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Alta North Central, a 229-unit Class A multifamily community located in north central Phoenix, traded hands in a $79 mil ($345k/unit) transaction. Built in 2020, Alta North Central is located at 777 E Stella Lane. CBRE's Asher Gunter, Matt Pesch, Sean Cunningham and Austin Groen represented the seller, an institutional fund manager. Troy Tegeler and CJ Connolly, along with the CBRE Debt & Structured Finance team, arranged financing for the buyer, Christiansen Ventures LLC. https://lnkd.in/gmQRYCy5
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Trammell Crow Company and Clarion Partners LLC have finished work on the 1.7 msf The Center at Needham Ranch in Santa Clarita. The 11-building industrial park, which the JV began construction on in 2017, was fully leased by May 2023 with tenants that include DrinkPAK, LA North Studios, Illumination Dynamics, US Autoforce a Division of US Venture dba Tire's Warehouse, and a confidential e-commerce company. Oltmans Construction Co. served as the general contractor, while the project’s architect was HPA, Inc. and the civil engineer was Alliance Land Planning & Engineering, Inc. The facilities were marketed and leased by the CBRE team of Craig Peters, Doug Sonderegger, Sam Glendon, SIOR, and Richard Ramirez. https://lnkd.in/ghgysug7
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New $500 mil San Diego mixed-use development signs two more office tenants. Designed by Carrier Johnson + Culture, with Holland Construction serving as the general contractor, the 37-story West project is a development of Holland Partner Group, North America Sekisui House, LLC and Lowe. Leading the office leasing efforts at West Downtown San Diego are JLL’s Tony Russell and Richard Gonor. West can accommodate a wide range of users from 10k sf to 280k sf. https://lnkd.in/gjAhez_f
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The landmark Yamashiro Restaurant property in Hollywood is being offered for sale. The 7.3-acre compound, situated above the iconic The Magic Castle®, just northwest of Highland and Franklin Aves, is expected to generate offers near $100 mil. The Avison Young team tapped to represent the ownership, SAMAKA LLC, is comprised of Christopher V. Bonbright, Principal and Managing Director, Peter Sherman, Principal and U.S. Capital Markets Leader, and Chase Gordon, Principal – all based in Los Angeles. https://lnkd.in/dmBjnYAT
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A mixed-use building in Downtown L.A.’s historic core sells for $200/sf. The six-story structure at 612 S Broadway was originally built in 1924 as Desmond’s Department Store. Mike Condon, Erica Finck, Reid Gratsch, Brittany Winn and Kylie Rawn with Cushman & Wakefield, in partnership with Mark Zakarian, CCIM, represented the seller in the transaction. https://lnkd.in/dRwqrFXD
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